When dealing with tax issues, there are several that come up which are fairly common. An experienced tax lawyer can help you navigate these issues and ensure that you are well protected. But be on the lookout for any of these issues:
* Family status issues. This section includes how you file and what you are claiming for dependents. The most common Baltimore tax issue here is when the issue becomes complicated due to divorce. This then spirals into child support laws as well as spousal support. These things need to be detailed in your paperwork when you are filing taxes. This also applies to guardianship fees and documents. Court fees for divorce proceedings are commonly reported incorrectly, as well as custody hearings.
* Gross income. While gross income is basically all income received by the taxpayer in a given tax year, often this is not reported properly, as assets that are received of value throughout the year are also considered. This can include lottery winnings and other prize money, or rewards that were received. These all need to be reported properly.
* Business expenses. Another of the most common Baltimore tax issues, business expenses need to be very carefully detailed. The best way to do so is by saving receipts from the business. This will ensure that you can prove your business expenses if you are audited. For example, a new computer is a fine business expense, as long as you can prove that it is only being used for business. Otherwise, it cannot be reported as such.
Tax law can be very complicated, which is why an experienced legal professional can be very helpful when you are dealing with a difficult tax situation. A good tax attorney will be able to help you navigate these tax issues so that you can be sure your earnings and expenses are reported correctly at the end of the year.
